RBC Bearings Incorporated Announces the Consolidation and Restructuring of its Large Bearing Manufacturing Facilities

RBC Bearings Incorporated (Nasdaq: ROLL), a leading international
manufacturer of highly-engineered precision plain, roller and ball
bearings for the industrial, defense, and aerospace industries, today
announced its plans to consolidate and restructure its large bearing
manufacturing facilities.

In March 2013, the Company will discontinue manufacturing large bearings
in Houston, Texas and will consolidate the manufacturing into other RBC
manufacturing facilities, mainly its South Carolina operation.

The consolidation will serve to strengthen and bring to critical mass
the efficiency of our large bearing manufacturing operations and
consequently a gross margin improvement for this product offering is
planned over the next 12 months. This consolidation will result in a
pre- tax charge of approximately $7.7 million and an after-tax charge of
approximately $5.5 million in the fourth quarter of fiscal 2013.

About RBC BearingsRBC Bearings
Incorporated is an international manufacturer and marketer of highly
engineered precision bearings and components. Founded in 1919, the
Company is primarily focused on producing highly technical or regulated
bearing products requiring sophisticated design, testing, and
manufacturing capabilities for the diversified industrial, aerospace,
and defense markets. Headquartered in Oxford, Connecticut, RBC Bearings
currently employs approximately 2,122 people and operates 23
manufacturing facilities in four countries.

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All statements other than statements of historical fact are
“forward-looking statements” for purposes of federal and state
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“Outlook”; any projections of earnings, revenue or other financial items
relating to the Company, any statement of the plans, strategies and
objectives of management for future operations; any statements
concerning proposed future growth rates in the markets we serve; any
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to control contingent liabilities; anticipated trends in the Company’s
businesses; and any statements of assumptions underlying any of the
foregoing. Forward-looking statements may include the words “may,”
“estimate,” “intend,” “continue,” “believe,” “expect,” “anticipate,” and
other similar words. Although the Company believes that the expectations
reflected in any forward-looking statements are reasonable, actual
results could differ materially from those projected or assumed in any
of our forward-looking statements. Our future financial condition and
results of operations, as well as any forward-looking statements, are
subject to change and to inherent risks and uncertainties beyond the
control of the Company. These risks and uncertainties include, but are
not limited to, risks and uncertainties relating to general economic
conditions, geopolitical factors, future levels of general industrial
manufacturing activity, future financial performance, market acceptance
of new or enhanced versions of the Company’s products, the pricing of
raw materials, changes in the competitive environments in which the
Company’s businesses operate, the outcome of pending or future
litigation and governmental proceedings and approvals, estimated legal
costs, increases in interest rates, the Company’s ability to meet its
debt obligations, and risks and uncertainties listed or disclosed in the
Company’s reports filed with the Securities and Exchange Commission,
including, without limitation, the risks identified under the heading
“Risk Factors” set forth in the Company’s most recent Annual Report
filed on Form 10-K. The Company does not intend, and undertakes no
obligation, to update or alter any forward-looking statements.